Rising awareness regarding the necessity of oral healthcare, an incessant increase in dental diseases in almost half of the world’s total population, and high demand for cosmetic surgeries are the propelling factors behind the dental treatment consumables market, according to a market intelligence report published by experts at IndustryARC. According to the report, the evaluated global dental treatment consumables market size in 2023 will be $41.91 billion. The report further states that the compound annual growth rate (CAGR) at which the demand of this market will progress during the forecast period of 2018-2023 is 6.1%.
The report is titled, ‘Dental Treatment Consumables Market: By Type (Dental Implants, Crowns & Bridges, Biomaterials, Orthodontics, Endodontics, Periodontics, Retail Dental Care, Mouth Trays, Evacuators, Others); By End User (Hospitals, Clinics, Dentists) & By Geography - Forecast (2018-2023).’ Healthcare analysts at IndustryARC have used statistical information to talk about important aspects of this market including growth drivers, trends, and segmentation.
Global Dental Treatment Consumables Market: Regional Analysis
Though the demand for dental treatment consumables market is universally high, Europe leads this market geographically with a regional share of $11.48 billion in the year 2018. This region is experiencing a paramount shift in its demand for dental products as it expands with a rapidly rising geriatric population. In Europe, oral healthcare technology is undergoing a metamorphic phase where old traditional methods are being replaced with scanner technology in order to enhance aesthetic appearance of teeth as well as improve diagnosis of oral diseases. Germany and UK are the primary demand generators in Europe with their medium-sized dental labs helping majorly in market growth. Other aspects that have led to Europe becoming the regional leader is governmental regulations and private insurance companies. Dental check-ups for children are free in United Kingdom, and specialists cost nominal fees for dental appointments. In France, the French health insurance system has assured free health check-up for children of all ages from 6-18 years old. These factors have led to continuous surge in demand for dental treatment consumables in Europe.
Growth Drivers and Disruptive Trends
- Aesthetic Dentistry-
According to a study conducted by the American Association of Orthodontists (AAO), one-third of the Americans above 18 years are dissatisfied by their natural smile. Inadvertently, they are reaching out for modification offered by aesthetic dentistry. As per a survey conducted by American Academy of Cosmetic Dentistry (AACD), cosmetic procedures on teeth have experience a 200% upsurge in United States of America. Aesthetic dentistry has hence, contributed noticeably to the dental treatment consumables market and been a driving force behind the high demand.
- Government Healthcare Acts
Several countries have made consistent efforts in providing free healthcare to their citizens due to the incessant rise of diseases induced by lifestyle changes. In developed nations, public healthcare is a common priority and the main focus is always on affordability. For example, Affordable Care Act in the United States of America has increased the demand for dental treatments through Medicaid expansion. This acts as a strong growth driver for the global dental treatment consumables market.
Driven by the increasing awareness on oral healthcare, common citizens have been soliciting the use of self-medication for keeping dental ailments at bay. Pharmacy stores are flooded with dental treatment consumables such as tooth pastes, whitening agents, enhanced toothbrushes, dental floss, and others. This has accelerated the demand in the market of dental treatment consumables and is a disruptive trend that will define the market in the upcoming years.
- Interdental Tooth Brush
Available in most retail stores, interdental tooth brushes have taken oral healthcare by storm. These brushes are used for cleaning between the dental braces and teeth. They come in different colors and each color is reflective of a different size. According to our analyst, the market for these toothbrushes are still untapped and have a lot of potential for earning market revenue.
Global Dental Treatment Consumables Market: Competitive Landscape
Key market players making noticeable developments in the dental treatment consumables market are Danaher Corporation, GC Corporation, 3M Company, Dentsply International, Inc., Zimmer Dental, Inc., Biomet, Inc., Ivoclar Vivadent AG, Septodont Ltd, Ultradent Products, Inc., Institut Straumann AG, and Heraeus Kulzer GMBH.
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A. Digital Dental Impression Devices Market
B. Dental Implants & Prosthetics Market
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